Creators can now begin applying for the marketplace with their own NFTs.
An Opportunity for NFT Creators
The most prominent decentralized application (dApp) on the Binance Smart Chain (BSC), PancakeSwap’s Non-fungible Token (NFT) marketplace, is now accepting applications from NFT creators to list their collections under phase 2 of the marketplace.
In this phase of the NFT market, owners of the collections will be able to list their collections for holders to buy and trade on the marketplace. Creators would earn royalties on any trades on PancakeSwap and would also benefit from the visibility that the marketplace boasts of.
PancakeSwap highlighted a few guidelines through a Twitter post for the creators looking to apply:
Metadata on IPFS
Follow Opensea Metadata Standards
Apply AFTER finalizing metadata + contract
Even though, the launch date for these collections is not confirmed. They are slated for release in Q4 2021. However, realistically there is a chance that the timeline might not be adhered to as their highly anticipated NFT marketplace was due for a launch in September but that launch was delayed to the first week of October.
As reported previously by BSC News, the PancakeSquad NFT Presale to Gen 0 holders is set to go live on Oct. 7. For added excitement, the Decentralized Exchange (DEX) teased the PancakeSquad launch on Twitter on Oct. 6th, a day before the release for Gen 0 holders at 04:00 UTC the next day.
PancakeSwap is currently the leading dApp on the Binance Smart Chain (BSC), as per the data from DeFiStation. It uses an Automated Market Maker (AMM) model instead of a traditional order book used by centralized exchanges. As one of the top decentralized exchanges (DEXs) across various blockchain network, PancakeSwap has a total value locked (TVL) of $14.09 billion as of 6th Sep, more than two times that of UniSwap, the leading DEX on Ethereum.
For more information about the project:
Source : bsc.news
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